Advanced Accounting
OmegaCube ERP’s Advanced Accounting enables manufacturers and distributors to efficiently handle their Sales Tax, Project Accounting and Credit Management workflows. Book a demo for a detailed simulation of Advanced Accounting for your enterprise.
Key Features of Advanced Accounting
- Analyze payment history.
- Build a comprehensive credit management summary including average days to pay, high balances, etc.
- Setup credit limits per customer.
- Track all projects costs and consolidate into a project ledger.
- Issue Progress Billing to customers.
- Track and record revenue when they are recognized or earned.
- Compare Project Budget by categories.
- Calculate project profitability based on various actual project costs.
- Sales tax table maintenance by state, county, taxing districts.
- Define taxable & non-taxable items and customers.
- Automatic tax calculation based on shipping address.
- Access sales tax reports.
Our Customers are Our Purpose and Our Strength
With OmegaCube ERP, we were able to decentralize the Accounts Payable process, eliminate siloed operating methods and easily delegate various parts of the AP process to relevant stakeholders. There was a lot of double data entry that we were able to reduce, thanks to the process decentralization.
When we spoke to our accounting department, they indicated that there has been almost 100% improvement in daily operations because everything is real-time and instantaneous. We are basically light years ahead of what we used to do manually. With OmegaCube ERP, we actually get accurate data of estimated vs. actual costs after a project is complete right at our fingertips.
I sit down every morning and look at a report which tells me how much I owe, how much I have coming in and helps me plan for incoming orders. It’s become an integral part of running my business effectively, efficiently and profitably, and we could add six more businesses without having to change our software.”
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FAQ
Project Accounting in OmegaCube ERP helps manufacturers to comprehensively manage project budgets, inventory procurement, account for overhead costs, production costs, labor costs etc. With its integration with Inventory, order, purchasing and production management, manufacturers can accurately arrive at expenses and project profitability.
Accounting in OmegaCube ERP automates key accounting operations related to Accounts Receivable, Accounts Payable, General Ledger, Bank Reconciliation, Sales Tax, Credit Card transactions, Bank deposits etc.
